John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (13061)	11/22/2011 12:04:41 AM
From: John Pitera	Read Replies (1) of 33421

Jon, I don't know if you saw the data point. it appears that the US was the largest net increased producer of crude last year with something like 395,000 barrels a day of additional production coming mostly from fracking. Some estimates are that we could expand to 5.5 million barrels of crude and not sure what the increase in NG would be by the mid teens if hydraulic fracturing expands as some are forecasting. Ambrose Evans Pritcher of the Business editor of the British Paper was citing these numbers saying that America might well experience a renaissance by the middle of the decade. John

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